LensLinks: Issue 297

New Draconian Crypto Rule Sparks Outrage, brought to you by Regiment LLC

Author

Len Pacek
January 08, 2024

  • Protest Song: “This Song is a Felony” - Crypto Community Up in Arms Over New IRS Reporting

  • DARPA Research Leads to Groundbreaking Discovery in Quantum Computing, Developing the World’s First Logical Qubit Circuit

  • Investors Press Pause On Gaming Startups 

  • Celsius to Unstake $466 Million Ethereum Holdings, 'Ensure Ample Liquidity' for Creditors - Decrypt

  • Vitalik Buterin made $19m within week amid market enthusiasm

  • TSX REPORT: Winter Youth Olympic Games “metaverse” could be the future; ESPN and NCAA to ink eight-year, $920 million rights deal

  • CES Is Back, Xreal Air2 Dominates Display Glasses, XBox Cloud Gaming On Quest

  • Federal Prosecutors Drop Sam Bankman-Fried’s Second Trial

  • Crypto hacks cost over $1.8B in 2023, ENS token surges

  • Crypto slips while stocks post a mild recovery after a rough start to 2024

  • Singularity: Excited about AI and self-driving cars? A top roboticist is here to burst your bubble

  • And Much, Much, More…

#regimentco #

QUOTABLE

❝

“If you're a U.S. citizen and get $10k or more in crypto you have to report it to the IRS within 15 days or they can charge you with a felony.

Starting now.”

- Ryan Sean Adams, founder of Mythos Capital, and author of Bankless

NOTABLE

DARPA RESEARCH LEADS TO GROUNDBREAKING DISCOVERY IN QUANTUM COMPUTING, DEVELOPING THE WORLD’S FIRST LOGICAL QUBIT CIRCUIT

A team of Harvard scientists working on a project funded by the Defense Advanced Research Projects Agency (DARPA) has announced a significant breakthrough in the field of quantum computing.

bit.ly/41UkLlq

Metaverse & Gaming

Investors Press Pause On Gaming Startups 

When it comes to raising money, gaming startups aren’t seeing a lot of play.

news.crunchbase.com/venture/gaming-startup-funding-down-2023

Blockchain, Tokens & DeFi

Celsius to Unstake $466 Million Ethereum Holdings, 'Ensure Ample Liquidity' for Creditors - Decrypt

Celsius accounts for almost a third of ETH awaiting withdrawal, as it begins "recalling and rebalancing assets" ahead of asset distributions.

decrypt.co/211799/celsius-to-unstake-466-million-ethereum-holdings-ensure-ample-liquidity-for-creditors

Crypto Trading

Vitalik Buterin made $19m within week amid market enthusiasm

The total value of cryptocurrencies held by Ethereum co-founder Vitalik Buterin has increased by $19 million over the past week amid a broader resurgence in the digital asset markets.

crypto.news/vitalik-buterin-made-19m-within-week-amid-market-enthusiasm

Metaverse & Gaming - a little more…

TSX REPORT: Winter Youth Olympic Games “metaverse” could be the future; ESPN and NCAA to ink eight-year, $920 million rights deal - The Sports Examiner

★ The Sports Examiner: Chronicling the key competitive, economic and political forces shaping elite sport and the Olympic Movement.

www.thesportsexaminer.com/tsx-report-winter-youth-olympic-games-metaverse-could-be-the-future-espn-and-ncaa-to-ink-eight-year-920-million-rights-deal

Digital avatars will be fashion’s next big disruptor. Is luxury ready?

Eclipsing other metaverse-related markets, digital avatars are poised for explosive growth in 2024. How can the industry avoid another boom and bust?

jingdaily.com/posts/digital-avatars-will-be-fashion-s-next-big-disruptor-but-is-luxury-ready

CES Is Back, Xreal Air2 Dominates Display Glasses, XBox Cloud Gaming On Quest

Once called The Consumer Electronics Show, today CES would be better characterized as the consumer everything show

www.forbes.com/sites/charliefink/2024/01/04/ces-is-back-xreal-air2-dominates-display-glasses-cloud-gaming-grows/?sh=55bb4b375c22

Blockchain, Tokens & DeFi - a little more…

Federal Prosecutors Drop Sam Bankman-Fried’s Second Trial

Sam Bankman-Fried once faced 13 criminal charges relating to his massive fraud scheme at the crypto exchange FTX. However, he’ll only face consequences for the seven charges he was found guilty of in November.

www.yahoo.com/tech/sbf-wont-second-trial-doj-195000004.html

Crypto hacks cost over $1.8B in 2023, ENS token surges: Finance Redefined

Most of the top 100 DeFi tokens had a bullish week due to the overall positive crypto market momentum, with TVL dipping below $60 billion.

cointelegraph.com/news/crypto-hacks-18b-2023-ens-token-surges-finance-redefined

Crypto Trading - a little more…

Crypto slips while stocks post a mild recovery after a rough start to 2024

Bitcoin and ether dipped Friday, losing 1.5% and 1.7%, respectively, while stocks posted a modest recovery.

blockworks.co/news/crypto-slips-while-stocks-post-a-mild-recovery-after-a-rough-start-to-2024

Crypto firms introduce risk assessments and finance tests in response to strict new rules in UK

New rules in the U.K. require crypto companies to make clear to users the risks involved in trading cryptocurrencies and advertise their services responsibly.

www.nbcdfw.com/news/business/money-report/crypto-firms-introduce-risk-assessments-and-finance-tests-in-response-to-strict-new-rules-in-uk/3426154

Crypto Community Up in Arms Over IRS Reporting

In the deregulated symphony that is the crypto world, a dissonant note struck as the IRS calls a new tune. The crypto community is up in arms.

www.financemagnates.com/trending/crypto-community-up-in-arms-over-irs-reporting

The Singularity:
AI, Quantum Computing, Robotics, Bio-engineering & Other Stuff on the way

Column: Excited about AI and self-driving cars? A top roboticist is here to burst your bubble

Will self-driving cars and artificial intelligence take over the world? A distinguished technology expert says don't hold your breath.

www.latimes.com/business/story/2024-01-05/leading-roboticist-douses-hype-ai-self-driving-cars

The New Era of AI: DeepMind Enforces ‘Three Laws of Robotics’!

How DeepMind’s Groundbreaking Robots Are Redefining Autonomy

medium.com/@ai.agenda/the-new-era-of-ai-deepmind-enforces-three-laws-of-robotics-2d6f64f17e2b

ESG (Environmental, Social & Governance)

ESG and investment decisions to converge as new issues emerge

The line between ESG considerations and investment decisions will keep blurring in 2024, as asset owners and managers expect to continue bringing the two together.

www.pionline.com/esg/esg-and-investment-decisions-converge-new-issues-emerge

Regiment

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www.regimentco.com

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Disclaimer: This note is distributed by Regiment, LLC for informational purposes only and is sourced from publicly available media reports. It is not an investment recommendation or solicitation for any investment. The information is current as of date and subject to change. In such case Regiment, LLC does not undertake to provide any updates. Recipients must be aware that any private, alternative investments discussed are speculative in nature, often illiquid, and subject to loss of capital.